Subsidies: Propping Up Oil Profits & Polluting the Climate Oil Change International & Sierra Club January 2017 DOWNLOAD INFOGRAPHIC Almost half of all oil production expected to come online in the United States is only economic if the public props up private investments with taxpayer handouts. The other half of oil production would happen even … Read More
subsidies
Oil Subsidies Propping Up Profits & Polluting the Climate
Guess who’s responsible for about half of all the oil that will be produced in the United States? You!
That’s according to a new study, which shows that 45 percent of US oil production depends on government handouts to make it profitable. Yes, your money is sponsoring pollution and lining the pockets of oil companies.
Did Rick Perry help DAPL’s owners steal $6 Million from Texas taxpayers?
Did Rick Perry help Energy Transfer Partners – one of the owners of the Dakota Access Pipeline – cheat Texas taxpayers out of $6 million, or was he just asleep at the switch? Either way, can we really trust him to be in charge of nuclear security as Energy Secretary?
RELEASE: Oil Change Int’l Responds to Marrakech UN Climate Negotiations
In response to the outcome of the COP22 climate negotiations in Morocco, Oil Change International released the following statements from its experts.
RELEASE: New Study Shows Canadian Fossil Fuel Subsidies Drastically Undermine Carbon Pricing
“Canada’s fossil fuel subsidies are like taxing consumers when they buy cigarettes while giving massive tax breaks to tobacco companies that encourage them to produce more cigarettes. It doesn’t make sense.”
Infographic: Gov’ts Funding Fossils over Climate Finance
A handful of wealthy countries are still funding fossil fuels instead of climate action, giving 3.6 times more public money to prop up fossil fuels than they’re giving to developing countries to address climate change.
The Deepwater Horizon disaster killed 11 people. Then BP made you and me pay for it.
BP was responsible for Deepwater Horizon, a disaster that killed 11 people and caused one of worst oil spills ever – and then they made us foot the bill.
Our energy system has changed since 1913 – why hasn’t this subsidy?
Standard Oil has long since been broken up yet the subsidy designed to do so has only grown over its 100-year lifespan in terms of total value to the industry.
Fossil fuel subsidies are “the world’s dumbest policy” – so why won’t G20 leaders end them?
Today, G20 leaders in China again failed to set a deadline to end fossil fuel subsidies, seven years after they first committed to ending them. Even as G20 governments move to ratify the Paris Agreement on climate change, they’re adding fuel to the fire by dumping $444 billion of our money into polluting fossil fuel companies every year, undermining the spirit … Read More
Should North Americans subsidize oil, gas, and coal for another 10 years?
This week, the leaders of Mexico, Canada, and the United States met in Ottawa for the North American Leaders’ Summit. In their outcome statement on climate and energy, they committed to “phase out inefficient fossil fuel subsidies by 2025 and call on the other members of the G-20 to do the same.” Along with their … Read More